Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Social Pulse
Business Video
The Freeland File
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Issues 2012
Candidates 2012
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Social Pulse
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Edward Hadas
Hugo Dixon
Ian Bremmer
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Jack & Suzy Welch
Frederick Kempe
Christopher Papagianis
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Lipper Awards 2012
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Berkshire profits double as insurance losses fall
04 May 2012
Gloom builds for euro zone, United States
04 May 2012
Ohio court reverses $2 billion judgment against Ford
04 May 2012
Senator likely to be rebuffed in News Corp inquiry
04 May 2012
One in seven thinks end of world is coming: poll
01 May 2012
Discussed
138
One in seven thinks end of world is coming: poll
117
Suicides have Greeks on edge before election
80
As America’s waistline expands, costs soar
Watched
New studies show extent of Earth's ice melt
Thu, May 3 2012
Hungry zoo lion faces off with unfazed toddler
Thu, May 3 2012
Windy weather makes for dramatic plane landings in Spain
Thu, Apr 26 2012
Pictures
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Life in France
A look at the people and places that define France's unique culture. Slideshow
Strange and unusual
A recent sampling of strange and offbeat moments. Slideshow
Yahoo in talks to sell 15-25 percent of Alibaba: source
Tweet
Share this
Email
Print
Related News
Yahoo board to review CEO's education records
Fri, May 4 2012
Yahoo shows signs of life, Alibaba in the cards again
Tue, Apr 17 2012
Wall Street rallies on earnings, Europe helps
Tue, Apr 17 2012
Analysis & Opinion
Counterparties: Even more bad job market news
Essential reading: How Apple keeps its tax bill low, KPMG inquiry in UK, and more
Related Topics
Tech »
Deals »
Global Deals Review: 2011 Q3 »
Global Deals Review: 2011 Q2 »
Global Deals Review »
Inflows Outflows »
Media »
China »
The headquarters of Yahoo Inc. is pictured in Sunnyvale, California, May 5, 2008.
Credit: Reuters/Robert Galbraith
By Alexei Oreskovic
SAN FRANCISCO |
Fri May 4, 2012 9:12pm EDT
SAN FRANCISCO (Reuters) - Yahoo Inc could be weeks away from selling 15 to 25 percent of Alibaba Group's stock back to China's largest e-commerce company, in a deal designed to eliminate complexities that had scuttled the parties' previous negotiations, a person familiar with the matter said.
The two companies have been in talks for a month, the person said, but cautioned that there is no guarantee a deal will be reached.
Numerous discussions have been held in recent years about a deal for Alibaba to reclaim some or all of the 40 percent stake in the company that Yahoo acquired in 2005.
A $17 billion tax-free asset swap between the two companies fell apart in February.
The latest deal would not be tax-free and would be much more straightforward, the person told Reuters on Friday.
"The overall complexity of this deal is much simpler. There's no IRS risk, there's no complications with regards to the identification of assets," the person said. In a best case scenario, a deal could be weeks away, the person said.
The situation may have become more complicated following Thursday's revelation that Yahoo Chief Executive Scott Thompson's resume falsely stated that he had earned a computer science degree in college.
Yahoo, which initially called it an "inadvertent error," has since said its board is reviewing the matter. Activist investor Third Point, which is leading a proxy fight against Yahoo's board of director and which discovered the error in Thompson's resume, has demanded that Yahoo fire Thompson by Monday.
Yahoo and Alibaba declined to comment.
Yahoo acknowledged that it was in talks with Alibaba, during its first-quarter earnings conference call with analysts last month. During the call, Thompson said the two companies were working on a "simplified" transaction to "monetize" a portion of Yahoo's stake in Alibaba.
To fund the deal, Alibaba would raise capital. The valuation that Alibaba receives in the fund-raising will determine how much Yahoo earns in the transaction, the source said.
In September, Alibaba was valued at $32 billion when Silver Lake and other firms invested in the company, according to media reports at the time. At that valuation, Yahoo could make $4.8 billion to $8 billion by selling 15 to 25 percent of Alibaba.
"Of all the previous ones we've worked on, this one feels like it might actually have a chance of getting done. Or at least it did until a day and a half ago," the person said, referring to the controversy around Thompson's resume.
Details of the talks were first reported by the Wall Street Journal on Friday.
(Reporting by Alexei Oreskovic; Editing by Richard Chang)
Tech
Deals
Global Deals Review: 2011 Q3
Global Deals Review: 2011 Q2
Global Deals Review
Inflows Outflows
Media
China
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
AdChoices
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.